Feb 122015
 
Got your ticket yet?

Headed for Europe soon? Your timing couldn’t be better. The dollar is up almost 15% against the currencies of major U.S. trading partners in six months, and almost 29% since July 2011. The currencies in question are the euro, the Canadian dollar, the Japanese yen, the United Kingdom pound, the [continue reading . . . ]






Sep 172012
 
QE and financial repression

Say what you please about Ben Bernanke’s unconventional monetary policies (quantitative easing, QE for short, and Operation Twist), they’ve been good for the stock market. The first chart shows that stock prices have roughly doubled, give or take a few percentage points, since Dr. Ben launched the first round of [continue reading . . . ]






Sep 202011
 
Suddenly muscular buck

Gas at $4.00 a gallon? Gold at nearly $1,800? One of the reasons is that the value of the U.S. dollar has fallen by 38% in a decade, measured against the currencies of major trading partners. The collapse of the dollar to 97-lb. weakling status has been a drag if [continue reading . . . ]






May 122011
 

So you think the dollar is washed up as a reserve currency, destined to live up to the jibe “American peso.” Better whip out your library card and retrieve the column of Mansoor Mohi-uddin, managing director of foreign-exchange strategy at  UBS, on Page 22 of the Financial Times May 11, [continue reading . . . ]